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2021-01-20 EDA Packet
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2021-01-20 EDA Packet
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Anoka County State Funded Business and Non-Profit Relief Grant Program <br />Frequently Asked Questions (FAQS) <br /> <br />State. For example, if you are a sole proprietorship operating under your own name, you do not have to <br />be registered with the state. <br />https://mblsportal.sos.state.mn.us/Business/Search <br /> <br />22. What if my business or nonprofit is not in good standing with the Secretary of State? Is my <br />business eligible for this program? <br />No. <br />https://mblsportal.sos.state.mn.us/Secured/SearchUCC <br /> <br />23. Do I need to show that my business or non-profit <br />No, but you will need to answer on the application if you are in good standing. This will be verified by our <br />grant reviewers so applicants need to fill this question out truthfully. <br />https://mblsportal.sos.state.mn.us/Business/Search <br /> <br />24. or non-profit. How do I find out? <br />You can visit the Office of the Secretary of State website to look for tax lien filings. There is typically a fee <br />for this look up. The County reviewers will also be conducting this search to verify <br />https://mblsportal.sos.state.mn.us/Secured/SearchUCC <br /> <br />25. My business is a home-based child-care provider. Do I need to be registered with the Secretary of <br />State to be eligible for this program? <br />Not necessarily. If your business operates under your own name and not an assumed named or an LLC, S <br />corporation or other business formation, you do not need to be registered with the Secretary. However, <br />one or more W2 employee other than the owner must be employed by the business to be eligible. <br /> <br />26. How is financial hardship defined? What level of financial hardship must my business or non- <br />profit demonstrate to qualify for this program? <br />Your organization should demonstrate its inability to cover its operational expenses from 2020 as <br />compared to 2019, as a result of the COVID-19 outbreak. This may be demonstrated by providing Profit & <br />Loss statements, or similar documentation, for at least the quarters ending July 1 through December 30, <br />2019, and for year 2020. For new businesses, the inability to cover operational expenses may be <br />considered from date of opening through present. An organization must not receive a grant that exceeds <br />their total expenses in 2020 and any projected (fixed) expenses for first quarter 2021. <br />5 <br /> <br /> <br />
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